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. thirdly, this ongoing issue of how to deal with the impending defense cuts brought about through sequestration are a critically important issue for our nation. $1 trillion in defense cuts over the next two years is simply not acceptable to be able to defend our country and provide you, the men and women who will be in the military, with the support and equipment and material that you need to defend our nation's interests. while president obama has been largely a bystander and not forceful in preventing defense cuts, governor romney has been unequivocal that this policy must be reversed and more resources need to be applied to defense. i am delighted that governor romney has chosen at virginia military institute today to be able to deliver remarks on america's leadership role in the world and on foreign policy. he is a man of immense principle, immensely successful as a leader in the public and private sector. he was commander of the massachusetts national guard, and understands very well what the men and women in the national guard do to support the cause of freedom. please join
and control over strategically important technology. speaking in brussels, the german defense minister refused to accept any blame for the failure of the merger. >> this was a commercial decision made after many discussions. we have stated our opinion, and i have no further comments to make on that. >> from a business point of view, the deal made sense. the merger would have created the biggest company in the defense industry. combined, the firms would have employed more than 200,000 people and generated revenue of 38.5 billion euros, and it would have overtaken their american competitors -- lockheed martin and boeing. bae systems has a strong presence in the american market, whereas eads has never been as successful. for that reason, this could have been a missed opporunity. >> i would like to draw in our political correspondent. simon, there was suggestion the deal collapsed because of german objections. what was it the germans were not happy about? >> it seems that germany, like france, was unwilling to give up state influence over this important defense company, which is what bae systems w
. >> okay, sixuan, thanks for that. >>> it says merging giants. they may not be. defense giants bae and eads have until the end of the day to decide whether they can get together or scrap plans. they'll be locked in talks to the last minute with hints that germany is ready to block a deal, and a spokesman has already confirmed there will be no announcement. william hague spoke about it. >> we've got a good record in recent years in having defense projects, such as the typhoon aircraft with other european countries. but the relationship with the united states, our strategic relationship and technological relationship with the united states is indispensable to us. so, of course, it is necessary for us to be able to continue in both those directions simultaneously. and that's a very important consideration. any such merger of this kind. >> and joining us for more is the director at chatham hasram. they came out against the deal. so that was from a shareholder's point of view. what about from a uk defense point of view? are there political risks in allowing this to go ahead? >> the biggest polit
to hear here. the significance of avoiding defense cuts, specifically referring to sequestration and could affect tens of thousands of people here in virginia specifically. the need to reinvest in the military and the significance of working closely with america's allies. a lot of these contrasts rhetorical more than actual contrasts and witness. he's been vague as some noticed about policy differences with the president but one place where he'll show a difference is on syria. more activist public position and suggesting that the rebels in that country's civil war to be armed and attack the president effectively prosecuting the terrorist attack as he'll describe it that led the death of four americans at the consulate there and libya and say among other things the attack on the consulate in benghazi was likely the work of the same forces that attacked our homeland on september 11th, one. he'll draw that link between that attack and al qaeda. thomas? >> nbc's peter alexander traveling with the romney campaign there in virginia, thank you so much. >> joining me today, a super sized edition.
look and feel for shoppers. >> susie: a deal to create a new defense giant is dead. earlier today, britain's b.a.e. systems and europe's e.a.d.s. called off their merger plans. both sides blamed concerns by european governments, especially germany, over how the potential tie-up would be structured. the deal between e.a.d.s. and b.a.e. systems would have created the world's biggest defense company by sales. some industry watchers say it could have spurred more consolidation among american defense companies. >> if this merger had come together it would have been pressure on the u.s. defense contractors to get together, to consolidate, as a counter balance to the new combination. but without the merger there is not a lot of pressure to consolidate. in fact, if we get a romney presidency there may be almost no pressure on defense contractors. susie: as for shares of the big u.s. defense contracrs today, they followed the broader market lower. boeing, general dynamics, lockheed martin and northrop grumman all down about 1%. >> susie: for many americans, >> susie: for many americans, co
we do that. i oppose duplicative programs in defense costing the government $3 billion. i've opposed subsidies for agribusiness in the midwest that cost -- a cost this government over $8 billion a year that we don't need. i oppose giving away tax breaks to the oil industry and gas industry to outsource. i have been able to stand up and oppose things we don't need the we need a combination of both additional revenue from those who have done very well by this economy and them some serious -- that is some serious spending cuts. the senator we're seeking to replace, we should elect someone in the senate is going to be willing to compromise. i am. linda mcmahon is not. she is one of these candidates who signed this pledge to grover norquist and a lobbying group in washington. in her debates, she said she agreed with mayor romney that if given a chance to cut spending by $10 and increase revenue by $1 that she would not take it. we don't need to send someone to washington who is going to feed this obstructionism and draw these ridiculously hard lines and the stand -- hard line in the sand.
defense cuts that are coming up this january. these are things he has mentioned before, so this speech seemed to be an opportunity to make that argument a little more forcefully and and a place like virginia where it is a major battleground this year. the obama campaign is responding with a tv ad of their own in virginia, focusing on governor romney's foreign trip abroad, saying this was a reckless tripped and using a lot of footage from that. less than a month away from election day, we have a turn back toward foreign policy. it is the mirror image of what happened in 2008 when foreign policy had the election but once the financial collapse happened, suddenly everything turned to the economic issues and now you're seeing the other way around. host: thank you for joining us. appreciate it. >> this is where mr. romney will give his speech this morning. this is the virginia military institute in lexington, virginia. you are looking at the hall of valor. now romney is set to give his foreign policy speech at of the debate on foreign policy october 26 in florida. we will have live coverage
." we will be watching come sunday morning, thank you, david. >>> and when the secretary of defense warns of a possible pending attack, it gets our attention. and this one just did, the new warning of the consequences of a cyber attack by iran that could create trouble in this area. our report. >> reporter: it is predicted that cyber space will be the world's next big battlefield. but defense secretary leon panetta warned that the threat of a defense cyber attack against america is already here. >> the collective result of these kinds of attacks could be a cyber pearl harbor. >> reporter: panetta warned that cyber attackers have tried to shut down america's critical infrastructure, power, water, transportation and major financial institutions. >> such a destructive cyber terrorist attack could virtually paralyze the nation. >> reporter: while russia and china are prime suspects, for the first time u.s. officials blame iran for the recent jump in cyber attacks. officials tell them iran was behind the recent attempts to disable the website to several u.s. banks. those attacks failed,
are the events and they would have all failed all other things almost defenseless. you almost can't defense yourself at all and those things are true. all the banks would have failed. some of these banks -- jpmorgan is important but so is wells fargo. they did not need t.a.r.p. to succeed her they would make loans and do it they had to do in times of need for america and so it's hard to make the case. i don't know how to do it but i'm not going to give up. i love this country too much. i am not giving up. that is why i did some things like this. my chairman's letter, which i get help from the lady sitting right behind you in fact and my wife, but i describe capital markets. what is market-making? is market-making in lumber, aluminum, brass -- not grass, grass grass. [laughter] marketing is making everything. there was market-making in communist china and the soviet union. the markets in cuba. i don't know if people think. you can sell your goods for a better price over here, go over here. that is what people do. that is what each and every one of you would do. it's not like there is a moral
military in tunisia as a major issue. in libya there was no ministry of defense under gadhafi, and we don't even have a minister of defense in the newly-reformed, so curbing military power in the narrow sense of an army isn't the main issue in tunisia either, and i actually think -- excuse me, libya -- and i actually think that probably, you know, 95% of the 250,000 or so libyans walking around with weapons are trying to keep the peace, not make mischief. .. and the security forces and in defense of the regime that is where the action is, not in the military. you're the geopolitics guy. >> i thought the worst-case scenario for the algerian military is instability in northern mali. and you know what is going on in the eastern front with libya. i know that some troops had to be redeployed in the eastern front because of the, the traffic of armaments and drugs and other issues. this is the worst case so. >> i just want to take the opportunity to answer a question that hasn't been asked. but, this is something that i was thinking about. it's slightly related to your question but it's somethin
hundreds of billions of dollars in cuts to the military triggering significant defense job losses. now, there is a battle brewing over layoff notices that could go out right before the election. chief congressional correspondent mike emanuel. >> the law says mass layoffs are coming, notices should go out 60 days ahead. obama administration that isn't necessary since many are hoping a deal will be struck to avoid the cuts. even so, a ceo i talked to he will be up front with his employees. >> it makes it challenging. people come to work. we've got some of the best people in the country working for us. they come every day, they want to design the best systems that our fighters need, but it's challenging. when they sit around kitchen table at night. honey, what is going to happen? it's tough because they don't know. >> reporter: obama administration is telling contractors if they get sued for not sending out layoff notices the government will pick up the tack. lockheed martin will hold off telling workers, but two kron man sent a letter saying quote, should you rely on that guidance and fa
over 315,000 afghan military personnel. it is their responsibility to step up to their defense of their nation. [applause] we went for al qaeda. we went for some of the late in. we accomplished that goal. we went for osama bin laden. we accomplished that goal. and now it is time. congressman ryan made very clear that governor romney has a very different view. although he says that he thinks we should get out in 2014, although he says that that makes sense, he says we should never have announced that and i might add, had not, the afghans would never step up, which should never have announced that and, when asked to guarantee you will get out, he says it depends. no, i'm serious. you heard it. it depends on the situation on the ground. it depends. well it depends on nothing other than the date as far as we're concerned. it is time for the afghans to take care of their own responsibilities. [applause] but like almost everything, it depends. it depends on which day you asking the question. [laughter] it depends. it depends on the circumstances. but it was not just on foreign policy
's eve this year, a hundred billion on sequester in defense and nondefense spending will hit. and unemployment insurance will stop, so when you add that up, 700 billion, nearly 5% of gdp on an annualized basis, i'm not confident that political system has capacity to deal with a world wind this massive. neil: why are the markets so sanguine through this? >> there is no one at home on wall street, these are basically robots trading world clouds emitted by federal reserve or other tral banks in the world, they trade day-to-day hour to hour, based on latest new an in word, -- ne nuance in the world, this is not a one time events. neil: some are, jamie dimon of j.p. morgan is marshals for it. >> we're forming now a fiscal cliff war room, command center and all this stuff to make sure we understand it, j.p. morgan will survive a fiscal cliff, i think it is terrible policy to allow it to get close. neil: prepare for something bad? >> i think they are prepared. but -- >> what would a brokerage firm or investorment bank have to do to be repaired. >> i'm not sure, but they have a multi
the administration over what he said was a lack of embassy security. >> imposing these devastating defense cuts for it what that does when we equivocate we sho'e cutting our own defense, it makes us more weak. when we look weak, our adversaries are much more willing to test us, more brazen in their attacks and allies are less -- >> with all due respect, that is a bunch of malarkey. >> why is that so? what's not a single thing is correct. be specific. security in his budget by $300@ million below what we asked for, number one. so much for that. number two, governor romney, before he knew the facts, before he even knew our ambassador was killed, he was out making a political statement which was panned by the media around the world. >> we will have more on the debate later in this show, and expanded by including some third party vice-presidential candidates. the 2012 nobel peace prize has been awarded to the european union at a time when 27-nation body is embroiled in a debt crisis that has sparked mass protests in spain and greece. the nobel committee cited the etan's historical leadership, inclu
, the chief of staff of the army that became the secretary of state and secretary of defense, who helped plan europe's rescuer from despair. his commitment to peace was born of his direct knowledge of the awful costs and consequences of war. general marshall once said, quote, the only way human beings can win a war is to prevent it. those words were true in his time, and they are true in our time. last month our nation was attacked again. a u.s. ambassador and three of our fellow americans are dead. murdered in benghazi, libya. among the dead were three veterans. all of them were fine men on a mission of peace and friendship to a nation that clearly longs for both. president obama has said that ambassador chris stevens and his colleagues represented the best of america, and he is right. we all mourn their loss. the attacks against us in libya were not an isolated incident. they were accompanied by anti-american riots and nearly two dozen other countries, most in the middle east and also in africa and asia. our embassies have been attacked and our flag burned and many of our citizens have been
. but they said the drone got so far into israel shows quote, the weakness of israel's air defense systems. israelis have not been saying much but doing a lot. we have the patriot missile battery deployed up near haifa. we heard reports from lebanon that israeli fighter jets buzzed strongholds in southern lebanon. so far no retaliatory strikes, meaning no bombing runs or strafing runs by the israeli fighter jets but clearly a show of force by the israelis, jon. jon: drones come in all sizes. any indication how big this thing was? >> the only thing we heard it was a significant military-like dronl. one of the problems you saw the video. hard to see a her tech tiff how big it is. when the missile hit it blew the drone up. the israeli military spent a long time collecting parts from the desert from the drone blown up in midair. it has them back in a lab putting them together. the israeli military is not excited at least right now to let the press see what they have on this drone. >> i'm sure that is the case. leland vittert reporting live from jerusalem. thank you. jenna: a shocking announcem
the modernization of our forces with these disproportionate cuts that are coming to our national defense. tim and his allies up in washington are saying we do not want these cuts from defense as the house did or did something similar to that. what they want to do is raise taxes. it will not create any jobs. we in virginia have over 200,000 defense and technology jobs. rather than cutting back, we need to make sure we have a strong economy, a strong military. as far as our spending, i disagree with the president giving money -- if they cannot protect our embassies, they should not be getting our money. do not buy a friends. >> isn't there is 60-second rebuttal? >> no, there is not. >> island that on the first one. >> i thought i did, too. >> if we were both under the impression. >> virginia seniors who rely on social security benefits are in for a lifetime of work. almost 1 million virginians receiving social security check every month. they are very polite, receiving on average about 77% of their total monthly income from this alone. an aging society will put strain on the program into the fu
for financial assistance. >>> the planned measure between the europe's major aerospace and defense companies has collapsed in political deadlock. officials of franco german airbus owner eads and british based -- say in a statement the deal is canceled. they say the firms decided it was in their best interests to terminate the discussions and focus on their respective strategies. the statement came on wednesday after days of negotiations involving the british, french and german governments. >>> u.s. central bank says the economy in the u.s. is still growing but at a modest pace. the federal reserve's latest report on economic conditions across the country shows some improvements in consumer spending and the housing market. the feds report is based on surveys conducted by its 12 district banks. it says consumer spending in the last six weeks was generally flat to up slightly with rising gasoline prices weighing on sentiment. the report states housing starts and home prices are on the rise in many regions. but the fed remains cautious about employment conditions. it says the report that employment
is already lining up in defense. this is a damning report from an official body singling out two companies by name and suggesting that they simply have not done enough over the course of this investigation to demonstrate that they are free from influence from beijing. >> my understanding is the foreign ministry has done slightly more than just condemn this. have they not said this is the result of some kind of prejudice in america of chinese companies? >> in a sense, that is in the context in which there is a kind of growing focus on the issues of their trade and open access. i think we are beginning to get the sense that china feels, particularly in the run-up to the u.s. presidential election, that it is being unfairly targeted. i think the foreign ministry statement times with some of with.entiment -- chmeimes some have suggested that there are many and non-chinese companies that do assemble their products in china. the suggestion, therefore, to imply there is a security risk only attached to chinese companies is not fair. we have heard those things said in defense of these chinese comp
the guidance for q-4, so you have to be defensive over the next four weeks. >> everybody talks about the most hated rally. i know i coined that. while money has been coming out of stock mutual funds, there has been money going into etfs and high-yield bond funds. they're not really bond funds. in times of volatility, they act like stock funds. people are seeking alternatives in stock-like instruments. >> bob makes a great point about high yield. we have seen a virtual stampede into high yield. investors have to sell their soul to get 3% today. all is not well on the anniversary of this bull market high. >> let's face it, guys, historically speaking those are hardly high yields we're talking about. >> lowest yields in history. >> yes, they are. okay. thank you. talk to you later. 53 minutes left in the trading session. the dow hovering near the lows of the session, down 85 points. >> stick around. we have a lot more to come on this busy tuesday edition of the "closing bell." >>> coming up, payback? the president keeps painting wall street as the villain. >> bernie madoff, ken lay. criminals, g
focused right now on ideas, on the defense of the ideas, bold ideas, as romney articulated last week. he changed the whole narrative. the obama campaign's effort to undermine it by these silly attacks, republicans can't stand young people, they want to kick them off their parents' health care, they want to go after women, the war on women. and now the new option, they're going after big bird, oh, my gosh. it's silly. >> when paul ryan says that the fullest extent of his experience in foreign policy is that he's voted to send people to war, when you've got joe biden whose son not only served for a year but also as a senator from delaware, he's been out there at dover sending troops off, welcoming home those caskets and not to mention he has a foreign policy expert. >> is he really a foreign policy expert? every single position that joe biden has taken on foreign policy issues for his career has been wrong. he has opposed every positive step we've taken in foreign policy. so bring him on when it comes to foreign policy. i hope that he actually does. >> the one thing you haven't mentioned o
. that was fun. where were we? u.s. defense secretary -- this is a fascinating story. he's sounding a clairion call. >> these kinds of attacks could be a cyber pearl harbor. >> a cyber pearl harbor. leon panetta pledging tough pentagon action in response to these potential cyber attacks targeting critical u.s. control systems. eamon javers life from washington next on what it could cost corporate america. >>> and then later, is amazon's billionaire founder and ceo on to something huge? confirming the online retailer says its kindle e-readers get sold at cost, but it actually profits from the subsequent online sales connected to them. we're going to debate the merits of this kind of business model in the back half of the show. >>> also ahead, wouldn't it be cool to be larry ellison just for a day? the third richest man in america who just bought an entire hawaiian island hinting to maria just a few weeks ago about what could be his next acquisition target. wait until you hear what he's set his sights on. work. and his new boss told him two things -- cook what you love, and save your money. joe
to the european union? huh? that is the nutiest thing i have ever heard. and defense secretary leon panetta warns of a cyber pearl harbor coming from iran and it may have already begun. all on >>> jimmy, after last night's debate i keep picking those hot romney stocks and sectors. good evening, everyone, i'm larry kudlow. this is "the kudlow report." our top story tonight, paul ryan's resounding victory in last night's debate with vice president joe biden. the first ten minutes sealed it. 43 million people watched and the polls are showing a snap cnn poll gave the win to ryan and so did the cnbc survey. biden's snarky, disrespectful laughing and out-of-control interruptions hurt him enormously. plus, he gave no reason for barack obama to be reelected ryan played and cool and smart. the best line today from marco rubio. take a listen to this. >> let me tell you, it's not easy to do a good job onstage when you have a heckler on the stage with you. >> biden misled everyone with a string of falsehoods. tonight we have the man who developed the cia's program that detects deception. what
britain's largest businesses are adopting more defensive strategies. this is one of the latest findings of the deloitte cfo service. they were asked what their views are on the current operating environment. joining us with more, chief economist at deloitte. good to see you. i suppose we had a record second quarter of declines. >> confidence went through the floor back in june on the result of what's going on in the euro area. you've seen a bit of a bounce. risk appetite up is bit so i think cfos are looking at the same things the equity markets are looking at, qe-3 in the states, ecb bond buying. but the interesting thing is the underlying stock support is getting rather more defensive, they're more focused on cash. if respect. >> so what can he can to in terms of laying confidence?f re >> so what can he can to in terms of laying confidence?espe >> so what can he can to in terms of laying confidence?ct. >> so what can he can to in terms of laying confidence?. >> so what can he can to in terms of laying confidence? >> so what can he can to in terms of laying confidence? >> a lot of conc
of defense and the national security council. prior to becoming chairman, he served briefly as the army's 37th chief of staff. general dempsey is a bit of an unexpected appointment. he had just been sworn in as the army chief of staff a couple of months prior, but when the nomination process for another candidate stalled, general dempsey was called to serve a grateful nation, and he has done so with distinction. since taking the chairman's job a year ago, the 37-year army veteran has made headlines by dealing with the infamous quran-burning pastor by calling him up and asking him to withdraw his support for the anti-muslim video that sparked protests across the middle east. he expressed disappointment over the navy seal who published an unauthorized account of the killing of osama bin laden. he said an israeli attack on iran would clearly delay but probably not destroy iran's nuclear program. he has stressed the need to retool the military for a postwar world with smaller pentagon budgets, and most recently he has spoken about the need to turn up the volume on ways to help war veterans reint
the department -- it's a part of defense. they are not enforcing with me to be doing. they claimed how great a system they have. the have a grid system on line but for people to physically go in and look for the ballot. that is great if they are internet savvy. by the time it hits people, it is too late, probably by september or october. in the civilian world, we can walk into a department of motor vehicles office or a social services office and we can even walk into recording station -- i've heard they have offered opportunities for people to vote. when you are on active duty in the military, there is no way to go unless they have those of us is set up. i don't mean an officer who has five other things to do. if they do collateral duty, it means they are not graded on performance of that extra duty. they need to allocate about money to get this accomplished which is a blatant dishonest statement. they have $75 million over the past three years allocated to them. $46 million a lot to get this set up in 2011 and they have managed to perfect their internet and voting? internet registration. th
that test. >>shepard: the attack on the consequence last left the president on the defensive. >> in doubt there is a vulnerability for the president on foreign policy because of what happened in benghazi. that is why mitt romney sees an opening. and our latest polling this month, it shows on the question of who do you trust more to handle foreign policy, the president is leading 52 percent to 41 percent. it was higher for him in september, at 54 percent trusting him more in september. a little bit of a shift in october. the bottom line, again, they feel confident in chicago and the campaign headquarters there, they believe the president has the edge over mitt romney although it has dipped. >>shepard: thank you from the campaign trail. >> political analysts for both sides joining us. the republican campaign consultant is here along with young democrats of america executive director here. thank you, both. >> there is a lot to make of this. romney has come in with a couple of different policies. each foreign policy is different. this is the seventh time he has spoken. the president is very s
in the preliminary stages right now. >>> defense secretary leon panetta says the u.s. is facing a possibility of a cyber pearl harbor attack. panetta says increasingly sophisticated computer hackers could dismantle the u.s. power grid, transportation system, financial networks, and the government. recent cyber attacks against oil and gas companies were the most destructive the private sector has ever seen. the attacks on a saudi oil company effected more than 30,000 computers. >>> photos of mitt romney pop up on a google search but not in a way that favors the presidential nominee. if you type in completely wrong a full page of mitt romney photos comes up. it's not a political statement by the company instead he says it's due to the search engine picking up on news coverage of romney saying last week he was completely wrong last spring when he said that 47% of americans were dependent on government. the obama campaign claims it has gained momentum after last nights performance by joe biden. alison burns is live in our washington, d.c. newsroom with a look at why some other says the vice presi
. >> rick: major defense budget cuts are set to automatically kick in at the end of the year and time is running out for congress to stop it from happening and it could trigger job losses as well. why is this white house advising defense contractors to ignore a law requiring them to send layoff notices to their employees? chief congressional correspondent, mike emanuel live in washington with that. >> reporter: many involved in national security hope congress and the president will work out a deal after the election to avoid these cuts which defense secretary panetta said would be devastating but a law called the warren act, if you expect a mass layoff of employees you need to give them 60 days notice and one contractor co-says the uncertainty is rough. ? the frustration, we say what should we tell our people and it is akin to being in a car and, all of a sudden you find you are playing chicken and have your company in there and they are saying to you, if we go over the cliff we'll help you out, providing you don't tell the folks that they are in the car with us. >> reporter: the obam
words are not backed up by deeds, when our defense spending is being deeply cut off, when we have no trade agenda to speak of, and the perception of our strategy is not one of partnership but of passivity. host: that was mitt romney yesterday. it garnered a headline in "usa today" -- how much of the speech was against president obama and what he's done and how much of it was laying on his own trajectory and agenda? guest: mostly in his role as a challenger, this is about a critique of the obama foreign- policy. that's a very common tactic by challengers. he talked about hope is not a strategy. he's trying to emphasize his critique of obama as leading from behind, which was from an unnamed administration official at the end of a 8000 word new yorker magazine piece last year. it has become a staple of republican critics of the president's foreign-policy. there are some real differences between obama and romney when it comes to foreign policy. those are substantive. romney has called a rush of the number one geopolitical foe of the u.s. promised to the surprise even of his own advise
, kim jong-un. >>> defense officials in north korea have accepted a new agreement between south korea and the u.s. that they overextend the range of ballistic missiles held by seoul to cover the whole of north korea. the north's national defense commission has claimed its strategic rocket forces can strike bases in south korea as well as plalss in japan, guam, and the u.s. mainland. the statement also said north korea is prepared to counter any missiles on nuclear weapons with equal force. u.s. and south korean officials say the range of seoul's ballistic missiles will be increased from 300 to 800 kilometers. they say the extension is in response to the north's missile development program. >>> sri lanka shines as a center for global production of precious stones. the island produces several dozen types of gemstone famous around the world for their quality. gems also are a valuable component of the nation's exports. japan was once sri lanka's largest partner in the trade. but in recent years, the industry has seen big changes, and a new customer is number one. nhk world reports. >> rep
of the stocks that have led things have been defensive stocks. so, that tells you that it's not quite holding your nose and buying stocks, but saying "i'm not entirely enthusiastic about this but i think i'll do it." >> reporter: stock market pessimists point to continued economic instability in europe, confusion about america's fiscal cliff, and worries about third quarter earnings. optimists talk about attractive stock market valuations and tidbits of evidence the economy might be improving. some also expect companies to say nice things about the business climate next year. >> based on whatever guidance we get for 2013, if it does hint at improvement in sequential quarters, i think investors might feel optimism and get into the buying mode. >> reporter: that buying mode could easily turn into a selling mode. that is, if the third quarter earnings are more disappointing than already expected and,f companies e le tharosy in the comments about the future. suzanne pratt, nbr, new york. >> susie: there was another big sell-off today in apple shares. investors dumped the stock for the fourth stra
and be our enemies in the middle east middle east wonderworks are not backed up by aids. when our defense spending is being arbitrarily and deeply cut and we have no trade agenda to speak out. and the perception of our strategy is not one of partnership, but opacity. >> host: it garnered a headline yesterday. hope is not a strategy. how much of his speech was against president obama and what he has done and how much was laying out his own trajectory and agenda? >> guest: well, i think in his role as a challenger, this really is about a critique of the obama administration. that is a common topic of calendars. the critiques of the president public foreign policy. there are differences between obama and romney when it comes to foreign policy. those are subsequent. much to the surprise, even some of his own advisers at the time, but rather than backing away from he has continued to emphasize that and say basically that he has emphasize -- emphasize that descending supplies into afghanistan, which has become a significant issue. we're example, >> that is a serious difference. there are others
, nancy cordes and john dickerson. convicted rapist jerry sandusky makes a rambling defense of his innocence, but the judge has the final word. armen keteyian on the sentencing of the former penn state coach. elizabeth palmer takes us inside the compound in libya where the u.s. ambassador died, in his own bedroom. and byron pitts with angels in overalls. >> reporter: how do you see these women? are they girlfriends? neighbors? >> they're my heroes! (laughs) captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. as of today we are down to the final four weeks of the presidential campaign. the focus is narrowing, not just to the nine battleground states but to one in particular-- ohio, which could tip the balance on election night. first the big picture. nationally, the latest gallup poll shows mitt romney leading president obama 49% to 47%. that spread is within the margin of error, so it's essentially a tie. in ohio, new polling today shows this: pollster a.r.g. has romney up by one point, 48% to 47%. but a cnn poll has the president
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